Scallop, the lending protocol in the Sui ecosystem, has just comprehensively upgraded the DApp interface and added the Flash Loan feature, allowing for quick loans without the need for collateral beforehand and requiring repayment within the same on-chain transaction.
The update focuses on expanding operational tools within the application, from quick loans to wallet management and risk tracking, aimed at helping users perform direct actions and better control market conditions.
MAIN CONTENT
Scallop adds Flash Loan directly in the DApp.
Scallop Tools supports wallet cleanup with one click and cancels expired SuiNS.
Adds account overview, risk simulation, and market status switching.
Upgrade Scallop DApp: added Flash Loan and a series of governance tools
Scallop has upgraded the UI of the DApp, added Flash Loan, Scallop Tools (wallet cleanup with one click, burning expired SuiNS), along with features like account overview, risk level simulation, and market status switching options.
Flash Loan is directly integrated into the Scallop DApp, allowing users to initiate quick loans right within the application. The main feature of Flash Loan is borrowing assets without requiring collateral upfront, but must be repaid in the same on-chain transaction.
If not repaid in the same transaction, the Flash Loan mechanism usually does not complete (according to the operational principles described). Additionally, Scallop Tools extend governance operations: allowing wallet cleanup with one click and burning expired SuiNS, helping to reduce manual tasks when managing assets and domains in the Sui ecosystem.
Add risk monitoring and market status in one screen
The upgrade adds account overview, risk level simulator, and market status switching options, to help users quickly view their portfolio, simulate risk, and adjust the display/interactivity mode based on market status.
Account overview helps view the account summary in the DApp, while the risk level simulator serves to estimate the risk level based on the current usage configuration. The market status switching option allows users to change their perspective or market context right within the application, focusing on quick operations instead of switching between multiple screens.
Source: https://tintucbitcoin.com/scallop-nang-cap-dapp-them-flash-loan/
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